The Lazare Lincoln dealership, in business for half a century, will close in the near future, a member of the family said Monday.

A closing date wasn't announced. "The dealership will be closing after all work in progress is completed," said Cheryl Lazare Hoffman in an email response to the Times Union.

The dealership moved to its current location — 144 Wolf Road in Colonie — in 1976 from its original location at 945 Central Ave.

A five-story, 100- to 110-room limited service hotel is planned for the site by developer Howard Carr. Initially, Lazare Lincoln planned to relocate to make room for the $14 million to $16 million hotel project, which is expected to include two restaurants and a national retailer.

"After the family decided to retire, we explored numerous options and relocating the dealership didn't come to fruition," Hoffman said Monday afternoon. "Fifty years in business is a great run for any business and we are very grateful for that.

"We look forward to spending more time with our families now," she added.

Hoffman said service customers would be referred to any certified Ford dealer in the region for continuing maintenance and warranty work.

It's not clear how many people were employed at the Lazare dealership.

Three years ago, Nemith Motors in Latham sold its Lincoln franchise back to the Ford Motor Co. after having it for 71 years.

The loss of Lazare will leave just two Lincoln dealers in the greater Capital Region: Fuccillo Lincoln at 4101 State St., Schenectady, and RC Lacy Inc. at 25 Maple Ave. in Catskill.